Shanghai Weihong Electronic Technology Co., Ltd. Reports Earnings Results for the Full Year Ended December 31, 2019
April 16, 2020 at 05:28 pm IST
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Shanghai Weihong Electronic Technology Co., Ltd. announced earnings results for the full year ended December 31, 2019. For the full year, the company announced sales was CNY 191.349 million compared to CNY 229.287 million a year ago. Operating income was CNY 72.744 million compared to operating loss of CNY 37.249 million a year ago. Net income was CNY 65.867 million compared to net loss of CNY 27.422 million a year ago. Basic earnings per share from continuing operations was CNY 0.7245 compared to basic loss per share from continuing operations of CNY 0.3016 a year ago.
Shanghai Weihong Electronic Technology Co., Ltd. is a China-based company engaged in the research and development, manufacture and sale of industrial motion control system. The Company's motion control system include engraving and milling control system, cutting control systems and manipulator control systems, among others, which are used in engraving machine, engraving and milling machine, processing center, water jet cutting machine, laser cutting machine, plasma cutting machine, flame cutting machine, glass processing machine tool and industrial manipulator, among others.
SHANGHAI WEIHONG ELECTRONIC TECHNOLOGY CO., LTD. 
